CHF/JPY - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 167.36 JPY
My targets
168.86 JPY (+0.40)
170.45 JPY (+1.99)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 167.36 JPY, you could try to benefit from the boom. The first bullish objective is located at 168.86 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 170.45 JPY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/JPY rating is 168.46 JPY. The price has increased by +0.45% since the last closing and was traded between 167.50 JPY and 168.63 JPY over the period. The price is currently at +0.57% from its lowest and -0.10% from its highest.167.50
168.63
168.46
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 166.45 | 167.36 | 168.39 | 168.46 | 168.86 | 170.45 |
| Change (%) | -1.19% | -0.65% | -0.04% | - | +0.24% | +1.18% |
| Change | -2.01 | -1.10 | -0.07 | - | +0.40 | +1.99 |
| Level | Major | Intermediate | Minor | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.34 | 166.29 | 166.99 | 167.94 | 168.64 | 169.59 | 170.29 |
| Camarilla | 167.25 | 167.40 | 167.55 | 167.70 | 167.85 | 168.00 | 168.15 |
| Woodie | 165.23 | 166.23 | 166.88 | 167.88 | 168.53 | 169.53 | 170.18 |
| Fibonacci | 166.29 | 166.92 | 167.31 | 167.94 | 168.57 | 168.96 | 169.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 165.10 | 165.43 | 165.80 | 166.13 | 166.50 | 166.83 | 167.20 |
| Camarilla | 165.98 | 166.04 | 166.11 | 166.17 | 166.23 | 166.30 | 166.36 |
| Woodie | 165.12 | 165.44 | 165.82 | 166.14 | 166.52 | 166.84 | 167.22 |
| Fibonacci | 165.43 | 165.70 | 165.86 | 166.13 | 166.40 | 166.56 | 166.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.56 | 163.63 | 166.41 | 168.48 | 171.26 | 173.33 | 176.11 |
| Camarilla | 167.86 | 168.30 | 168.75 | 169.19 | 169.64 | 170.08 | 170.52 |
| Woodie | 161.92 | 163.81 | 166.77 | 168.66 | 171.62 | 173.51 | 176.47 |
| Fibonacci | 163.63 | 165.48 | 166.63 | 168.48 | 170.33 | 171.48 | 173.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.93 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 14.09 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 167.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 167.29 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 168.66 | |
| Zig ZAG (10): | 168.46 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 88.88 | |
| TEMA (21): | 167.94 | |
| Williams %R (14): | -15.00 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 167.09 | |
| MA20: | 166.16 | |
| MA50: | 167.19 | |
| MA100: | 166.07 | |
| MAexp7: | 168.04 | |
| MAexp20: | 167.95 | |
| MAexp50: | 167.78 | |
| MAexp100: | 167.35 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.66% |
Quotes :
-
Real time data
-
Forex
News
The last news published on CHF/JPY at the time of the generation of this analysis was as follows:
-
CHF/JPY Forecast October 5, 2022
-
CHFJPY Potential Swing to the Long Side
-
CHF JPY: Set for another move lower?
This member declared not having a position on this financial instrument or a related financial instrument.
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